Toyota Motor stated on Friday it spent an additional $700 million and added 150 new jobs to finish a $1.3 billion modernization program at its Princeton, Indiana factory. The investment is part of a broader plan from the automaker to invest $13 billion in its U.S. operations for five years through 2021. Along with $1.3 […]
Toyota
Toyota to shift Tacoma truck production to Mexico from U.S.
Toyota Motor stated on Friday it will shift production of its mid-size Tacoma pick-up truck from the United States to Mexico as it modifies production around North America. The automaker also stated it will put an end to the production of the Toyota Sequoia in Indiana by 2022 as that center focuses on mid-size SUVs […]
China fines Toyota $12 million over Lexus price-fixing
China’s market regulator fined Toyota Motor 87.6 million yuan ($12.5 million) on Friday for price-fixing on its premium Lexus cars in eastern Jiangsu province, according to a report on its website. The decision comes as the country steps up strict regulations over auto sales in the world’s biggest car market, where over 28 million cars […]
Toyota reveals an upgraded version of its humanoid robot
Toyota Motor has revealed an upgraded version of its human-shaped T-HR3 robot. The robot, controlled remotely by an individual wearing a headset and wiring on his or her arms and hands, now has quicker and smoother finger movements as the controlling device is lighter and easier to use. Such a robot could, in the future, […]
Toyota expects 2020 car sales to stay at record highs
Toyota Motor Corp expects its worldwide vehicle sales to stay at record high levels in 2020, even as demand shows signs of a downturn in China and the United States, the world’s top auto markets. The Japanese automaker stated it prepared to sell a record 10.77 million vehicles in 2020, including cars sold under the […]
Toyota names Tetsuo Ogawa as the new North America CEO
Toyota Motor stated on Wednesday that it’s North America chief executive, Jim Lentz, would retire on April 1, and tasked the unit’s chief operating officer, Tetsuo “Ted” Ogawa, with navigating an industry transition to electrification and automation. Ogawa has so far worked for Japan’s biggest automaker and the United States’ third-largest vehicle seller in numerous […]
Toyota’s RAV4 Wins Japan’s Biggest Car Award
Selling over 400,000 units in the U.S. in this year so far, Toyota’s immensely popular RAV4 is new for 2019 and comes with a modified tough-looking exterior, powerful but frugal hybrid powertrain option, and smartphone capability for the first time. Just how nicely rated is it? In Japan this week, the perennial RAV4 just caught […]
Labor officials found it responsible for worker suicide, says Toyota
Toyota Motor on Tuesday stated labor officials in Japan have found it responsible for the suicide of a worker, with the Mainichi Shimbun reporting that workplace bullying at the automaker had resulted in the worker’s death. The news comes as a declining workforce and changing values about work-life balance in Japan has meant companies are […]
California to halt purchasing GM, Toyota and Chrysler vehicles over emissions fight
California stated on Monday it will stop all purchases of new vehicles for state government fleets from General Motors, Toyota, Fiat Chrysler and other automakers supporting U.S. President Donald Trump in a fight to strip the state of authority to regulate tailpipe emissions. Between 2016 and 2018, California bought $58.6 million in vehicles from General […]
Toyota to raise its Subaru stake
Toyota Motor is going to raise its stake in Subaru Corp to 20% from around 17%, the two Japanese automakers stated on Friday, as they leverage their scale to better rival in developing new vehicle technologies. The investment comes one month after Toyota and another smaller Japanese automaker, Suzuki Motor, stated they would take small […]
Toyota, Subaru team up to develop electric SUV in a battle against prices
Toyota Motor and Subaru on Thursday stated they prepare to jointly develop a battery-electric sport-utility vehicle (SUV) on a platform produced together as they look forward to splitting the cost of producing the lower-emissions car. The pair will apply Subaru’s all-wheel-drive technologies and Toyota’s vehicle electrification technologies to the new SUV, that each will sell […]
Toyota criticizes Trump designation on auto imports
Toyota Motor on Friday criticized U.S. President Donald Trump’s decision to announce some auto sector imports a national security threat, stating it sends a message to the automaker that “our investments are not welcomed.” The automaker, which is in the middle of constructing a $1.6 billion joint venture assembly plant and stated in March it […]
Toyota, Fiat Chrysler U.S. sales dropped in April
Toyota Motor on Wednesday reported a 4.4 percent drop in U.S. sales in April, due to slack demand for its sedans, consisting of Corolla and Prius. The Japanese automaker stated it sold 162,506 vehicles in April, compared with 170,706 units a year ago. Major automakers reported a weak U.S. new vehicle sales in the first […]
Toyota to produce Lexus NX for North America at Ontario plant
Toyota Motor will build its Lexus NX luxury crossover vehicle at a Canadian plant starting in 2022, the company stated on Monday, a decision that Prime Minister Justin Trudeau stated showed the value of the nation’s international trade agreements. The plant will spend hundreds of millions of dollars to produce the Lexus NX and its […]
Toyota halts plan to install U.S connected vehicle tech by 2021
Toyota Motor stated Friday it was abandoning plans to install Dedicated Short-Range Communications technology on U.S. vehicles aimed at letting cars and trucks communicate with one another to prevent collisions. Automakers have conflicted if they should proceed with the DSRC system or use a 4G- or 5G-based system in the United States. Toyota’s declaration is […]
